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Lindsey has served as Overstock.com`s CFO since the company was launched in 1999, and he was named president in April. The company says he was crucial to Overstock.com`s successful initial public offering in May 2002 and follow-on offering in February.

"I`ve decided to step down as president and CFO so I can devote more time to tend to a family health issue," Lindsey said. "While I won`t be as involved in the day-to-day management of the company, I will continue to advise Patrick regarding Overstock.com`s business. "